Internet Sales Tax Capture Effort Stalled in Albany
March 23, 2018 |
March 23, 2018. The expansion of the sales tax on cyberspace transactions was projected to raise $160 million for the state treasury and another $160 million for county governments, many of which split portions of their share with towns, villages and cities.
The proposal, advanced by Gov. Andrew Cuomo in his executive budget, was blocked by Senate Republicans, who have been adamant they will not approve new taxes this year.
Internet Sales Tax Capture Effort Stalled in Albany
March 23, 2018 |
March 23, 2018. The expansion of the sales tax on cyberspace transactions was projected to raise $160 million for the state treasury and another $160 million for county governments, many of which split portions of their share with towns, villages and cities.
The proposal, advanced by Gov. Andrew Cuomo in his executive budget, was blocked by Senate Republicans, who have been adamant they will not approve new taxes this year.